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The Nexus
WORLDJul 11 · 05:25 UTCMIDDLE EAST EYEHilal Saki

IEA: US-Iran escalation threatens 2027 oil surplus forecast

The International Energy Agency warns that US-Iran tensions could disrupt its 2027 oil surplus forecast, which relies on improved Hormuz transits. The IEA projects a potential 4.62 million bpd surplus in 2027 but notes risks from geopolitical instability affecting supply and demand.

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International Energy AgencyorganizationUnited StatesplaceIranplaceStrait of Hormuzplaceoil surplustopicglobal oil supplytopicGlobal Oil Demandtopic
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